Jobs for NSW Act 2015 (NSW)

Jobs for NSW Act 2015 No 25

An Act with respect to providing incentives for economic development and job creation; to establish Jobs for NSW and the Jobs for NSW Fund; and for other purposes.

Part 1 Preliminary

1 Name of Act This Act is the Jobs for NSW Act 2015.

2 Commencement This Act commences on the date of assent to this Act.

3 Objects of Act The objects of this Act are as follows— (a) to facilitate the creation of new jobs in New South Wales in a way that is responsive to changes in the economy, (b) to facilitate the development and attraction of new businesses, and the consolidation of existing businesses, in New South Wales, (c) to establish Jobs for NSW to utilise high level private sector business experience to provide strategic advice to government for the purpose of creating jobs and driving investment in New South Wales, (d) to facilitate the provision of innovative, cost-effective and strategically targeted incentives for economic development in New South Wales.

4 Definitions (1) In this Act— Department means the Treasury. function includes a power, authority or duty, and exercise a function includes perform a duty. Fund means the Jobs for NSW Fund established under section 12. jobs creation incentive includes a grant of money, a financial guarantee, an investment or the provision of advice or a support program. Jobs for NSW means the body established under section 5. Secretary means the Secretary of the Department. (2) Notes included in this Act do not form part of this Act.

Part 2 Jobs for NSW

5 Establishment of Jobs for NSW (1) There is established by this Act a body with the name Jobs for NSW. (2) Jobs for NSW is to consist of the following 7 members— (a) 4 members appointed by the Minister, (b) 1 member appointed by the Minister for Regional Development, (c) the Secretary of the Treasury or a nominee of that Secretary, (d) the Secretary of the Premier's Department or a nominee of that Secretary. (3) Of the members appointed by the Minister, one is, in and by the instrument of appointment or another instrument, to be appointed Chairperson of Jobs for NSW. (4) In appointing a member, a Minister is to have regard to ensuring that the members of Jobs for NSW as a whole have demonstrated commercial acumen and knowledge of, and senior business experience in, growing jobs and improving industry competitiveness. (5) A member appointed by a Minister holds office as a part-time member. (6) Jobs for NSW may use, and act under, the name Jobs for NSW Board.